Weiss Ratings Reiterates "Hold (C+)" Rating for BARINGS BDC (NYSE:BBDC)

Key Points

• Weiss Ratings has reiterated a "Hold (C+)" rating for BARINGS BDC (NYSE:BBDC) in a recent research note to investors.
• BARINGS BDC shares increased by 0.6%, reaching $8.54 during mid-day trading, with a market capitalization of approximately $898.07 million.
• In its latest earnings report, BARINGS BDC posted $0.28 EPS, surpassing analysts' expectations of $0.26, alongside a revenue of $74.40 million for the quarter.

BARINGS BDC (NYSE:BBDC - Get Free Report)'s stock had its "hold (c+)" rating reiterated by investment analysts at Weiss Ratings in a research note issued to investors on Wednesday,Weiss Ratings reports.

BARINGS BDC Stock Up 0.6%

Shares of NYSE BBDC traded up $0.05 during mid-day trading on Wednesday, reaching $8.54. 818,023 shares of the company's stock were exchanged, compared to its average volume of 489,698. The firm has a market capitalization of $898.07 million, a price-to-earnings ratio of 8.90 and a beta of 0.72. The company has a current ratio of 0.09, a quick ratio of 0.09 and a debt-to-equity ratio of 0.47. The business has a fifty day simple moving average of $9.33 and a 200 day simple moving average of $9.14. BARINGS BDC has a twelve month low of $7.66 and a twelve month high of $10.85.

BARINGS BDC (NYSE:BBDC - Get Free Report) last released its quarterly earnings results on Thursday, August 7th. The company reported $0.28 EPS for the quarter, topping analysts' consensus estimates of $0.26 by $0.02. The company had revenue of $74.40 million for the quarter, compared to analyst estimates of $66.41 million. BARINGS BDC had a return on equity of 9.76% and a net margin of 35.67%.During the same quarter last year, the firm posted $0.40 earnings per share. As a group, equities analysts expect that BARINGS BDC will post 1.13 EPS for the current fiscal year.

Institutional Investors Weigh In On BARINGS BDC

A number of hedge funds and other institutional investors have recently bought and sold shares of BBDC. Millennium Management LLC raised its position in BARINGS BDC by 253.5% in the 4th quarter. Millennium Management LLC now owns 37,364 shares of the company's stock valued at $358,000 after buying an additional 26,794 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its position in BARINGS BDC by 86.6% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 152,340 shares of the company's stock valued at $1,453,000 after buying an additional 70,691 shares during the last quarter. Sowell Financial Services LLC acquired a new stake in BARINGS BDC in the 1st quarter valued at approximately $114,000. Kingswood Wealth Advisors LLC raised its position in BARINGS BDC by 148.0% in the 1st quarter. Kingswood Wealth Advisors LLC now owns 81,335 shares of the company's stock valued at $774,000 after buying an additional 48,543 shares during the last quarter. Finally, PFG Investments LLC raised its position in BARINGS BDC by 37.2% in the 1st quarter. PFG Investments LLC now owns 16,831 shares of the company's stock valued at $161,000 after buying an additional 4,563 shares during the last quarter. Institutional investors and hedge funds own 44.09% of the company's stock.

About BARINGS BDC

Barings BDC, Inc is a publicly traded, externally managed investment company that has elected to be treated as a business development company under the Investment Company Act of 1940. It seeks to invest primarily in senior secured loans, first lien debt, unitranche, second lien debt, subordinated debt, equity co-investments and senior secured private debt investments in private middle-market companies that operate across a wide range of industries.

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